Refinancing
Refinancing is most often used to lower your monthly payments or to access the cash equity in your home (cash out). Other common reasons to refinance include paying off a balloon payment, converting an adjustable rate loan to a fixed rate loan, to drop your mortgage insurance, or lower your interest rate.
Benefits:
- Lower Monthly Payments
- Reduce Your Interest Rate
- Consolidate Debt
- Get Needed Cash to make home improvements, pay off bills, or invest in more real estate
To Refinance You'll Need:
- A Completed Loan Application
- Verification of Assets and Income
- An Appraisal Verifying your Home's Current Value (ordered by the lender once your loan is submitted)